Can I retire at age 51 with 545,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$45,006$44,605$44,214$43,832$43,459$41,784
2 years$22,280$21,865$21,463$21,073$20,695$19,027
3 years$14,706$14,289$13,888$13,502$13,130$11,522
4 years$10,919$10,504$10,107$9,727$9,364$7,829
5 years$8,648$8,235$7,843$7,471$7,118$5,659
6 years$7,135$6,725$6,339$5,975$5,633$4,251
7 years$6,054$5,647$5,267$4,912$4,581$3,275
8 years$5,244$4,841$4,467$4,121$3,800$2,570
9 years$4,614$4,215$3,848$3,510$3,200$2,044
10 years$4,110$3,715$3,354$3,026$2,727$1,642
11 years$3,698$3,307$2,953$2,633$2,345$1,329
12 years$3,356$2,969$2,621$2,310$2,032$1,082
13 years$3,066$2,683$2,342$2,039$1,772$886
14 years$2,817$2,438$2,104$1,810$1,553$728
15 years$2,602$2,228$1,900$1,614$1,368$600
16 years$2,415$2,044$1,722$1,445$1,209$496
17 years$2,249$1,882$1,567$1,299$1,072$410
18 years$2,102$1,739$1,431$1,170$953$340
19 years$1,970$1,612$1,310$1,058$849$283
20 years$1,852$1,498$1,202$958$759$235
21 years$1,746$1,395$1,106$869$679$196
22 years$1,649$1,302$1,019$790$609$163
23 years$1,560$1,218$941$720$546$136
24 years$1,479$1,141$870$657$491$113
25 years$1,405$1,071$806$600$442$94
26 years$1,337$1,007$747$548$398$79
27 years$1,273$947$694$502$359$66
28 years$1,215$893$645$460$324$55
29 years$1,160$842$600$422$292$46
30 years$1,109$795$559$387$264$38
31 years$1,062$752$521$355$239$32
32 years$1,018$711$486$327$216$27
33 years$976$674$454$300$196$22
34 years$937$639$424$276$177$19
35 years$900$606$397$254$160$16
36 years$866$575$371$234$145$13
37 years$833$546$347$216$132$11
38 years$802$519$325$199$119$9
39 years$773$493$305$183$108$8
40 years$745$469$286$169$98$6
41 years$719$447$268$156$89$5
42 years$694$426$251$144$81$4
43 years$670$405$236$133$73$4
44 years$648$386$221$123$67$3
45 years$626$369$208$113$60$3
46 years$605$352$195$105$55$2
47 years$586$336$183$97$50$2
48 years$567$320$172$89$45$2
49 years$549$306$162$83$41$1
50 years$532$292$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $545,000, adding $5,155 every year, while hoping to spend $35,304 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 78/14/8 Blend
50$545,000$545,000$545,000$545,000
51$605,907$577,022$568,575$652,091
52$630,147$567,733$550,059$673,852
53$655,675$556,806$529,740$692,616
54$682,587$544,122$507,519$712,157
55$710,985$529,558$483,295$732,537
56$740,981$512,982$456,961$753,825
57$772,697$494,254$428,405$776,095
58$806,267$473,227$397,511$799,430
59$841,835$449,744$364,156$823,924
60$879,561$423,641$328,214$849,677
61$919,619$394,741$289,552$876,804
62$962,198$362,862$248,030$905,428
63$1,007,507$327,807$203,504$935,688
64$1,055,773$289,370$155,822$967,736
65$1,107,245$247,333$104,825$1,001,743
66$1,162,197$201,465$50,350$1,037,895
67$1,220,928$151,523$0$1,076,400
68$1,283,764$97,250$0$1,118,151
69$1,351,067$38,374$0$1,167,367
70$1,423,230$0$0$1,220,044
71$1,500,685$0$0$1,280,419
72$1,583,908$0$0$1,351,655
73$1,673,420$0$0$1,428,287
74$1,769,792$0$0$1,510,806
75$1,873,654$0$0$1,599,752
76$1,985,694$0$0$1,695,718
77$2,106,672$0$0$1,799,356
78$2,237,420$0$0$1,911,381
79$2,378,855$0$0$2,032,581
80$2,531,982$0$0$2,163,819
81$2,697,908$0$0$2,306,046
82$2,877,850$0$0$2,460,309
83$3,073,147$0$0$2,627,756
84$3,285,268$0$0$2,809,653
85$3,515,834$0$0$3,007,390
86$3,766,625$0$0$3,222,497
87$4,039,600$0$0$3,456,659
88$4,336,915$0$0$3,711,727
89$4,660,943$0$0$3,989,741
90$5,014,293$0$0$4,292,943
91$5,399,841$0$0$4,623,804
92$5,820,748$0$0$4,985,042
93$6,280,496$0$0$5,379,649
94$6,782,918$0$0$5,810,918
95$7,332,235$0$0$6,282,478
96$7,933,092$0$0$6,798,320
97$8,590,605$0$0$7,362,841
98$9,310,407$0$0$7,980,883
99$10,098,701$0$0$8,657,777
100$10,962,318$0$0$9,399,394